Wyckoff method:
Backgrounds:
PSY (Preliminary Supply).
BC (Buying Climax). 10min $732 & 1D $792
ARn (Automatic Reaction).
ST (Secondary Test(s)).
Ice (Secondary support).
SOW (Sign of Weakness). 10min $658 & 1D $500
Now:
LPSY (Last Point of Supply). A pullback to resistance that was support on failing spread and volume after signs of weakness. 10min...
Background:
PSY (Preliminary Supply)- is an area where substantial selling begins to resist the market after a long upward move. Bitcoin 106K
BC ( Buying Climax) - a bar where the climax of buying pressure usually occurs. This is the bar with the widest spread compared to the previous ones and with extremely high volume and indicates that the power of buying is...
